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US dollar49.93EGPEuro57.68EGPBritish pound66.74EGPSaudi riyal13.31EGPUAE dirham13.60EGPKuwaiti dinar162.35EGPJordanian dinar70.42EGPQatari riyal13.72EGPTurkish lira1.08EGPChinese yuan7.37EGPGold 246,726.14EGP/gGold 215,885.37EGP/gGold 185,044.61EGP/gSilver105.02EGP/g

Science & Tech

Businesses face huge spike in shipping costs as Hormuz fuel crisis deepens

By rivo_admin · June 1, 2026 · 1 min read

Businesses face huge spike in shipping costs as Hormuz fuel crisis deepens

Businesses around the world are confronting a painful – and potentially long-lasting – rise in costs amid the US-Israel war on Iran, as global shipping firms introduce steep price increases to offset a mounting fuel crisis.
In Shanghai, one of the world’s busiest ports, the price of shipping a container has already surged dramatically since the start of the war, according to the Shanghai Containerised Freight Index – a gauge tracking spot rates across 13 global trade lanes out of the city.
The…

المصدر: SCMP — Tech

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